Here’s a run down of today’s business headlines.

Canary Wharf owner Songbird Estates Plc has told shareholders to take no action on a Qatari-led $4bn (€3.28bn) takeover bid, reiterating that the 350p per share cash offer undervalued the company.

A long-running battle to gain control of Docklands developer Canary Wharf concluded tonight when a bid from consortium Songbird was accepted.